Evonik responds to laurolactam boom

Additional capacity to be increased soon

(PresseBox) (Düsseldorf, 29.10.2010)
Because of the persistently high demand for polyamide 12 worldwide, Germany-based Evonik Industries will continue to expand its laurolactam capacity further. This expansion represents a boost to the current capacity increase taking place in Marl, which should be completed in the fourth quarter of 2010. The move sees Evonik consolidating its globally leading position on the polyamide 12 market and acting as a reliable partner for secure supplies to its customers, now and in the future.

Laurolactam is the staring material for the polymer polyamide 12. Evonik markets polyamide 12 as VESTAMID®, an engineering material, and VESTSINT® powder.

Working together with its customers and partners, Evonik develops products and system solutions for and with plastics. Its customized products and solutions include raw materials, engineering plastics, high-performance polymers, and semi-finished products.

Evonik Industries AG

Evonik Industries is the creative industrial group from Germany. In our core business of specialty chemicals, we are a global leader. In addition, Evonik is an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our company's performance is shaped by creativity, specialization, continuous self-renewal, and reliability.

Evonik is active in over 100 countries around the world. In its fiscal year 2009 about 39,000 employees generated sales of about €13.1 billion and an operating profit (EBITDA) of about €2.0 billion.

Disclaimer

In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.